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Sheila Blair on Mortgage Workouts

Sheila Blair on Mortgage Workouts

This is a discussion on Sheila Blair on Mortgage Workouts within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Sheila Blair has long been a proponent of a new plan for bmortgage/b workouts, to help borrowers who may be ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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10-23-2008, 05:04 PM

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Sheila Blair on Mortgage Workouts

Sheila Blair has long been a proponent of a new plan for bmortgage/b workouts, to help borrowers who may be stuck in unaffordable bmortgages/b as they reset to higher rate and are unable to refinance. Specifically, Blair has been critical of b.../b

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